SeaLionLLC

eur/aud long term triangle test

Long
FX:EURAUD   Euro / Australian Dollar
Current situation:
- Price is in a long-term symmetrical triangle
- Price is testing the lower trendline of the triangle

Looking ahead:
- Price will bounce off support and move higher
- Price has tested this trendline multiple times demonstrating strength

Notes:
- Aussie employment numbers release on Wednesday. The forecast and results have been volatile.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.